KARACHI: The news of the International Monetary Fund (IMF) deal still intact with the government has resulted in the investors keeping faith in the Pakistan Stock Exchange. The KSE-100 index gained 229.97 points and has increased to 46,629.88 points on Thursday.
Arif Habib Ltd, in a statement, said that the latest statement of Finance Minister Shaukat Tarin regarding the IMF deal played a significant role in stock gains.
“The market opened on a positive note as traders took bets on cement, steel and technology stocks. Accumulation was witnessed in the banking sector as investors eyed an interest rate hike in the upcoming monetary policy,” read the statement.